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BusinessLogistics BusinessSZI Logistics Hubs
As at 31 December 2025, the Group has extended its logistics hub network beyond Guangdong Province to 35 cities across other regions of the PRC, among which a total of 43 projects have been put into operation, with an operating area of approximately 5.34 million square meters.
Key Projects in Other Regions of the PRC
SZI Logistics Hub (Shijiazhuang Zhengding), located in Zhengding County, Shijiazhuang, Hebei Province, has a site area of approximately 310,000 square meters and a gross floor area exceeding 500,000 square meters. It is the first industrial-city complex in the PRC that combines the two major industries of logistics and commerce. Guided by the construction objectives of “Premium Standard with Artistic Excellence”, the Group is leveraging this project to establish a closed-loop ecosystem of “Winter Sports + Business + Cultural Tourism + Hospitality” that integrates diverse business formats, including intelligent logistics parks, ice-and-snow sports venues, international hotels, cultural districts, commercial complexes and startup incubators, thereby establishing a development model where winter sports attract visitors, commercial spaces keep them engaged, and logistics capabilities provide the necessary support.
The logistics park section of the project has a site area of approximately 200,000 square meters and a gross floor area exceeding 100,000 square meters. It is positioned as a digital, intelligent cold-chain logistics base for pharmaceuticals, where approximately 70,000 square meters are currently in operation, including approximately 40,000 square meters designated as pharmaceutical industrial park. It offers high-standard, full-temperature-range facilities capable of storing pharmaceuticals, fresh food, ready meals and frozen products through integrated freezing, refrigeration, cooling and temperature-control functions. By leveraging intelligent technologies and automated equipment, the park has achieved fully intelligent and visualized management across all processes, significantly improved logistics efficiency and contributed to the high-quality development and industrial advancement of the “Pharmaceutical Hub of Northern China”. The park is a certified member of the national Pharmaceutical Supply Chain Alliance. It serves as the regional warehouse for China Resources Pharmaceutical in Hebei. It has also attracted renowned enterprises from the pharmaceutical and food industries, including Sinopharm Le-Ren-Tang, Kinghey and Yonghui, thereby fostering clustering effect for the pharmaceutical and food cold chain sectors. Moreover, the A1 intelligent pharmaceutical cold chain warehouse, with a gross floor area of 30,000 square meters, has received the GSP certification and is expected to commence operations in the first half of 2026. Once put into operation, it will further enhance the park’s pharmaceutical cold chain service capacity and scale advantage.
The commercial section of the project is a large-scale complex integrating cultural, sports, commerce and tourism offerings, with a site area of approximately 110,000 square meters and a planned gross floor area of approximately 320,000 square meters. Among these, the Sunac Snow Park, which officially opened in early July 2025, is currently the largest indoor ski resort in northern China, with a gross floor area of approximately 30,000 square meters. The project has also formed partnerships with several renowned domestic and international brands, including Sunac Resort, Hampton by Hilton, Jinjiang Radisson Hotels, SEZ Construction, PH Alpha and JERDE, etc. These collaborations are collectively driving the project toward a distinctive, modern, integrated complex for cultural and tourism activities, as well as a micro-vacation destination within the Beijing-Tianjin-Hebei Capital Economic Circle. The entire project is expected to be completed and commence operations in 2026.
SZI Logistics Hub (Jinhua Yiwu), located in Jinhua, Zhejiang Province, has a site area of approximately 417,000 square meters and a gross floor area of approximately 558,000 square meters. The project comprises two major functional zones, high-standard warehouse and industrial park zone.
SZI Logistics Hub (Ningbo), located in Ningbo, Zhejiang Province, has a site area of approximately 92,000 square meters and a gross floor area of approximately 57,000 square meters. The project is positioned as a multi-functional modern logistics park that facilitates e-commerce development while serving as an important pillar and driving force for the logistics industry in Ningbo and surrounding regions.
SZI Logistics Hub (Wuxi Huishan), located in Wuxi, Jiangsu Province, has a site area of approximately 246,000 square meters and a gross floor area exceeding 120,000 square meters. Strategically positioned to serve Wuxi and the surrounding Taihu Lake Economic Circle, the project leverages its core locational advantages within the Yangtze River Delta. Driven by the dual engines of freight and e-commerce logistics, the project focuses on three core functional segments, being modern warehousing, consolidation and distribution, and comprehensive business services.
SZI Logistics Hub (Wuhan Caidian), located in Wuhan, Hubei Province, has a site area exceeding 129,000 square meters and a gross floor area of approximately 117,000 square meters. Adjacent to the Wuhan Economic and Technological Development Zone, the project enjoys a significant locational advantage, with a strategic focus on warehousing automotive components and electrical appliances.
SZI Logistics Hub (Zhengzhou Erqi), located in Zhengzhou, Henan Province, has a site area of approximately 110,000 square meters and a gross floor area exceeding 117,000 square meters. Fully capitalizing on its prime location, the project deeply integrates industrial processing with urban distribution functions. It establishes an innovative system that combines a “supply chain infrastructure platform” with an “industry chain servicing platform”.
SZI Logistics Hub (Nanning Jingkai),located in Nanning, Guangxi Zhuang Autonomous Region, has a site area of 100,000 square meters and a gross floor area exceeding 55,000 square meters, and commenced operations in November 2025. As a pivotal node in the Group’s strategic logistics expansion in Guangxi, the project is dedicated to building a new type of integrated logistics hub focused on consolidation and distribution, urban delivery and ancillary services.
SZI Logistics Hub (Guiyang Xiuwen),located in Guiyang, Guizhou Province, has a site area of approximately 206,000 square meters and a planned gross floor area of approximately 147,000 square meters. Adjacent to Guiyang’s primary logistics corridors, the project enjoys distinct locational advantages and is dedicated to establishing an integrated development platform in Southwest China that combines a logistics infrastructure platform with supply chain service platform.
Updated on 17 April 2026
As at 31 December 2025, the Group has established a total of 18 logistics hub projects in Guangdong Province (including the Greater Bay Area), of which 16 projects (including 8 projects in Shenzhen) were in operation or under management, with a total operating area of approximately 2.20 million square meters.The mature logistics parks achieved an occupancy rate of approximately 88%.
Projects in Shenzhen
SZI Western Highway Freight Logistics Hub (SZ Bao’an), located in Bao’an District of Shenzhen, has a site area of approximately 75,000 square meters and a planned gross floor area of approximately 159,000 square meters, and commenced operations at the end of 2025. The project is a National Production Service-oriented Logistics Hub in Shenzhen and one of the seven major gateway-type logistics hubs planned by the Shenzhen Municipal People’s Government. It is also the first successfully launched highway logistics hub project under Shenzhen’s three-tier “7+30+N” logistics station layout plan.
SZI Intelligent Logistics Hub (SZ Liguang), located in Longhua District of Shenzhen, has a site area of approximately 45,000 square meters and a gross floor area of approximately 217,000 square meters. It has a high plot ratio comprising six aboveground floors and two underground floors and has commenced operations in 2023. The park is equipped with various warehousing facilities, including cold storage, ambient storage and automated stereoscopic warehouses, along with e-commerce incubation and operation centers and ancillary service centers.
SZI Intelligent Logistics Hub (SZ Yantian), located in Yantian District of Shenzhen, has a site area of approximately 32,000 square meters and a gross floor area of approximately 91,000 square meters, and commenced operations in early 2024. The project has served as one of the Group’s modern and premium-standard “Multi-story Warehouses” and “Bonded Logistics+” demonstration projects. The project focuses on high-value-added comprehensive logistics services such as bonded warehousing, cold chain logistics, international distribution and cross-border e-commerce.
SZI Intelligent Logistics Hub (SZ Pingshan), located in Pingshan District of Shenzhen, has a site area of approximately 120,000 square meters and a gross floor area of approximately 286,000 square meters, and commenced operations in December 2024. The project is a “Demonstration Base for Deep Integration of Manufacturing and Logistics Industries” within Shenzhen’s “20+8” strategic emerging industry clusters, and is an “Intelligent Logistics Shared Service Center” for “9+2” strategic emerging industries in Pingshan District.
SZI Intelligent Logistics Hub (SZ Pingshan East), located in Pingshan District of Shenzhen, has a site area of approximately 267,000 square meters and a gross floor area of approximately 94,000 square meters. The project benefits from cluster synergies with adjacent logistics hub projects operated by the Group, enabling opportunity for collaborative development within the area.
SZI Kanghuai E-commerce Center, located in Longhua District of Shenzhen, has an operating area of approximately 143,000 square meters. It is the first asset-light management service project operated by the Group. It provides a wide range of services, such as logistics and warehousing services, large-scale data centers, office towers, dormitories and restaurants.
SZI Western Logistics Park, located in Qianhai Pilot Free Trade Zone of Shenzhen, has an operating area of approximately 91,000 square meters. The project is operated by the Group through government lease after realizing the benefits of land consolidation and preparation in Qianhai. It provides comprehensive services including bonded logistics, warehousing and storage, loading and unloading, customs declaration and on-site value added services.
SZI Intelligent Logistics Hub (Shenzhen Qianhai), located in Shenzhen’s Bao’an District, is jointly developed by the Group and Shenzhen Qianhai Construction Investment Holding Group Co., Ltd. (深圳市前海建設投資控股集團有限公司), which hold 49% and 51% equity interest in the project company, respectively. In early 2026, the project company successfully acquired the land parcel for the development. Spanning approximately 58,000 square meters of site area and a planned gross floor area of approximately 79,000 square meters, the project is positioned as a critical modern public logistics hub along the Shenzhen-Zhongshan Link.
Projects in the Greater Bay Area
SZI Intelligent Logistics Hub (Foshan Nanhai), located in Nanhai District of Foshan, has a site area of approximately 76,000 square meters and a gross floor area of over 89,000 square meters, and commenced operations in the second half of 2024.
SZI Intelligent Logistics Hub (Foshan Shunde), located in Shunde District of Foshan, has a site area of approximately 200,000 square meters and a gross floor area of approximately 329,000 square meters, and officially commenced operations in March 2025.
SZI Intelligent Logistics Hub (Zhongshan Torch), located in Zhongshan Torch Hi-tech Industrial Development Zone, has a site area of approximately 58,000 square meters and a gross floor area exceeding 66,000 square meters.
SZI Intelligent Logistics Hub (Foshan Gaoming), located in Gaoming District of Foshan, has a site area of approximately 157,000 square meters and a gross floor area of approximately 185,000 square meters. It commenced operations in November 2025.
SZI Intelligent Logistics Hub (Zhaoqing Gaoyao), located in Gaoyao District of Zhaoqing, has a site area of approximately 100,000 square meters and a planned gross floor area of approximately 108,000 square meters. It commenced operations in November 2025.
Other Key Projects in Guangdong Province
SZI Logistics Hub (Zhanjiang), located in Mazhang District of Zhanjiang, has a site area of approximately 110,000 square meters and a gross floor area exceeding 90,000 square meters, and commenced operations in the second half of 2024.
SZI Logistics Hub (Jieyang), located in the High-tech Industrial Development Zone of Jieyang, has a site area of approximately 96,000 square meters and a planned gross floor area of approximately 109,000 square meters.It is expected to commence operations in 2026.
Railway Integrated Logistics Hub
Shenzhen International Integrated Logistics Hub Center (the “Pinghunan Project”)
In August 2021, the Group partnered with China Railway Guangzhou Group Co., Ltd. to establish a joint venture company, Shenzhen Municipal Shenzhen International Railway Logistics Development Company Limited, with the purpose of investing in and developing the Pinghunan Project. In September 2019, the Pinghunan Project was selected by China’s National Development and Reform Commission and the Ministry of Transport as one of 23 logistics hubs in the first batch of national logistics hub projects. It has also been selected as a key construction project in Guangdong for three consecutive years and as a major project in Shenzhen for four consecutive years.
The Group pioneered the model of obtaining strata titles for multi-level logistics and warehousing development constructed over a railway freight yard in the Pinghunan Project, optimizing the utilization of railway yard space by vertically expanding and developing modern logistics facilities, thereby achieving integrated “Rail Transportation + Modern Logistics” development. The Pinghunan Project will develop a multi-functional logistics complex with a gross floor area of approximately 850,000 square meters constructed above an operational railway yard. The complex will feature 11 logistics warehouses, 2 auxiliary facilities and 4 roundabouts for transportation. It will accommodate multiple business modes, such as high-standard warehousing, freight consolidation and distribution, urban delivery, cross-border e-commerce, cold storage and intelligent warehouse, establishing the world’s first intelligent logistics park built atop a traditional railway yard. In December 2025, the main structures of the project were fully completed, and the ground-level railway engineering was finished and became operational, successfully connected to the national railway network. The entire project is expected to be completed and commence operations in the first half of 2026.
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